Another Warning On Dynamic Currency Conversion

Carol Pucci at the Seattle Times has raised afresh some warnings about dynamic currency conversion. This is the practice, which I’ve mentioned before, of converting a purchase in a foreign currency into your home currency.

Sounds handy, but the fees are a total rip-off.

Pucci’s column also mentioned another pet peeve of mine, the AAA Visa TravelMoney prepaid card, which charges an outrageous 7 percent fee on foreign currency transactions. She reports that AAA will be getting a new vendor and that fee will drop to 3 percent in February.

Better. Still not great.